Nixon Peabody advised Paychex, Inc. on the deal
Paychex, Inc. has completed the acquisition of Oasis Outsourcing Acquisition Corporation.
Oasis is an industry leader in providing human resources outsourcing services and the nation’s largest privately owned professional employer organization (PEO).
Paychex, Inc. provides comprehensive payroll and integrated human resource and employee benefits outsourcing solutions for small to medium-sized businesses in the United States. The company, led by Martin Mucci, Efrain Rivera and Mark A Bottini, in 2018 recorded $3.380 Billion Revenues.
The total cash purchase price is $1.2 billion, subject to working capital and other adjustments, and is expected to be financed through a combination of cash on Paychex’s balance sheet and borrowings under existing credit facilities or new debt. Paychex will see a number of revenue and cost synergies as a result of this transaction.
Nixon Peabody advised Paychex with a team including Tyler Savage (Picture) and Katarzyna Murphy.
Law Firms: Nixon Peabody LLP;
Clients: Paychex, Inc.;